• Ryder System average price/book ratio for 2024 was 1.89, a 34.04% increase from 2023.
• Ryder System average price/book ratio for 2023 was 1.41, a 11.02% increase from 2022.
• Ryder System average price/book ratio for 2022 was 1.27, a 18.06% increase from 2021.

Price/book ratio can be defined as